Coal India Limited has informed the Exchange about General Updates-Enhancement of coal price by Rs 10/- per ton for coking and non-coking coal for Regulated and Non-Regulated sectors across CIL toward contribution to the corpus of CMPS-1998.
COALINDIA · price
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Awaiting price reaction for this filing.
Coal India has announced a price increase of Rs 10 per tonne on both coking and non-coking coal. The hike applies to regulated and non-regulated sectors across all of CIL's operations. The additional revenue from this price rise will be directed toward the corpus of CMPS-1998, which is the Coal Mines Provident Scheme introduced in 1998 for employees. This is a small price adjustment specifically earmarked for a defined employee welfare fund, not a general market-driven price revision. The impact on overall revenue will be modest given the thin Rs 10/tonne margin.
Minor positive for Coal India as it generates incremental revenue, though the small size of the hike (Rs 10/tonne) means limited impact on financials. Shareholders are unlikely to see a meaningful change in earnings or stock price from this announcement.